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but instead by closing tax loopholes, eliminating tax credits. and also $600 billion in health savings. that's what you'd get from entitlement reform. from reforming medicare, and doing some cuts there under this plan. but compare it to the white house plan, very different than what's on the table there. $1.6 trillion in new taxes. that is two times the amount in the boehner plan, and also, of course, includes increasing those income tax rates for the wealthy. $400 billion to medicare and other entitlements, that's $ 00 billion less than in the speaker's counteroffer and this would force congress to give up its debt limit vote which is a nonstarter for house republicans. the white house saying that boehner counteroffer is nothing new, that it lacks specifics. but i will tell you, zoraida, that one house democratic aid telling cnn that it passed the laugh test. so certainly i guess it could have been worse in some estimations by democrats. >> i suspect some people were laughing. brianna keilar live at the white house for us, thank you. in the next
but instead by closing tax loopholes, eliminating tax credits. and also $600 billion in health savings. that's what you'd get from entitlement reform. from reforming medicare, and doing some cuts there under this plan. but compare it to the white house plan, very different than what's on the table there. $1.6 trillion in new taxes. that is two times the amount in the boehner plan, and also, of course, includes increasing those income tax rates for the wealthy. $400 billion to medicare and other...
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Dec 3, 2012
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it's not increasing taxes on the wealthy, it's just blanketly you increase taxes. so you've got all this noise going on. and boehner's got to try to figure out a way to give these guys some cover but know he's got to cut the deal. to your point, leigh, about how do you begin to pull it from the big plan to a smaller plan, that's really what the white house and boehner quietly are talking about. >> and what we don't want also is i think a kind of down payment deal that sort of makes it a two-part deal that just delays everything. >> i think you're going to get some of that. i think you'll probably get the big deal for the middle class. okay, we're going to take that off the table. and graham and others have said that. we know we're not going to raise taxes on the middle class. let's let the bush tax cuts stay in place for the middle class. and then it becomes a little bit more of an interesting conversation when you're only dealing with a smaller percentage of the plan as opposed to the big piece right now. >> so how does he -- how does john boehner save face? you t
it's not increasing taxes on the wealthy, it's just blanketly you increase taxes. so you've got all this noise going on. and boehner's got to try to figure out a way to give these guys some cover but know he's got to cut the deal. to your point, leigh, about how do you begin to pull it from the big plan to a smaller plan, that's really what the white house and boehner quietly are talking about. >> and what we don't want also is i think a kind of down payment deal that sort of makes it a...
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Nov 29, 2012
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we are talking about reforming the tax code, raisinging tax rates. that's the only thing i say that i absolutely will not do. 258 members of congress, republicans all, have taken the pledge. only six are waffling. we're standing strong on that point. >> do you think that's a pledge with grover norquist, with your constituents? there are others saying they have room around the pledge. >> well, that's a great question you just asked me. is that a pledge to my constituents. absolutely. in 2002 -- and i was running in a tough primary and those folks back in marietta, georgia, said, phil, are you going to take the grover norquist, americans for tax reform pledge. i said, yes, i will take it. many would have voted for my opponent. that plenl, i honor that. it's a pledge to my constituents. absolutely. >> all right. you say your constituents don't want you to raise taxes on the rich. let me show you what an abc/washington post poll shows. 60% would support raising taxes on incomes over $250,000 per year. you wouldn't do that? >> i understand that their perc
we are talking about reforming the tax code, raisinging tax rates. that's the only thing i say that i absolutely will not do. 258 members of congress, republicans all, have taken the pledge. only six are waffling. we're standing strong on that point. >> do you think that's a pledge with grover norquist, with your constituents? there are others saying they have room around the pledge. >> well, that's a great question you just asked me. is that a pledge to my constituents. absolutely....
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Nov 30, 2012
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bill: so what happens if your taxes or to your taxes if lawmakers don't strike a deal? the tax policy center says that 90% of the americans would see a tax hike next year in 2013. it says 121 million americans will be paying more in payroll taxes, and families making between 40 and $65,000 a year, will pay an extra $2,000 to the government. that starts in 2013. martha: some say that they're concerned that what happens in europe could also happen here down the road. look at europe's economy down the road. 11.7% unemployment. that is another record high in the month of october. breaking that down, it is 18.7 million people out of work across the 17 eu countries that use the euro. spain and greece have the highest jobless rates. 25% is the unemployment rate in spain and greece with youth unemployment levels, look at this, almost 60% in spain and greece. bill: good luck with that, huh? what a future. debate now underway on capitol hill where the house is set to vote on the republican immigration reform bill. if it passes the stem act would get rid of the lottery system and
bill: so what happens if your taxes or to your taxes if lawmakers don't strike a deal? the tax policy center says that 90% of the americans would see a tax hike next year in 2013. it says 121 million americans will be paying more in payroll taxes, and families making between 40 and $65,000 a year, will pay an extra $2,000 to the government. that starts in 2013. martha: some say that they're concerned that what happens in europe could also happen here down the road. look at europe's economy down...
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Nov 30, 2012
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number one, tax revenues have remained about the same regardless of tax rates. the government sort of takes in about the same regardless. and while federal income tax rates have gone down for lower and middle income families since 1980, state and property taxes have gone up by about the same amount. so federal has gone down. so here is my bumper sticker for you guys. maybe i'll print it up this weekend. >> sure. >> blame your mayor and governor. don't blame your president. >> okay 0. see, on that note then, joe, i just -- i know that it's not -- when he says i won and you don't like it, he's just putting out something there that just seems like a little tone deaf to what republicans want to hear. there are some, the consumer confidence, housing, the news on the economy, there are some signs that perhaps this administration might know what they're doing. is that fair to say? >> hold on. >> so you can't say it. >> i can't even say it. >> why don't you pull a mitch mcconnell on me? brian sullivan, thank you. all right, coming up -- >> that's how mitch mcconnell lau
number one, tax revenues have remained about the same regardless of tax rates. the government sort of takes in about the same regardless. and while federal income tax rates have gone down for lower and middle income families since 1980, state and property taxes have gone up by about the same amount. so federal has gone down. so here is my bumper sticker for you guys. maybe i'll print it up this weekend. >> sure. >> blame your mayor and governor. don't blame your president. >>...
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Nov 29, 2012
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capital gains tax. and you even have me going, okay, so what is wrong with the party that believes in free enterprise, that believes in fair play, that believes in working-class americans being able to work hard and start their own businesses? and create their own new jobs and hire their own people? what's wrong with raising the capital gains tax from 15% to 20%? what's wrong with warren buffett's idea of having a minimum tax for the super rich of 30%? so people making the type of money warren buffett makes, the type of money that mitt romney makes, the type of money that bill gates makes. those people aren't paying 14% taxes when the rest of americans are carrying the full load. >> i think to your point about the party on this issue, absolutely. i think the party has a window now to come to the table in an honest way to be, again, the party of the middle class. more importantly, joe, to be the party of the poor, to make the argument of elevating people out of poverty into ownership through our tax syst
capital gains tax. and you even have me going, okay, so what is wrong with the party that believes in free enterprise, that believes in fair play, that believes in working-class americans being able to work hard and start their own businesses? and create their own new jobs and hire their own people? what's wrong with raising the capital gains tax from 15% to 20%? what's wrong with warren buffett's idea of having a minimum tax for the super rich of 30%? so people making the type of money warren...
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Nov 29, 2012
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no tax increases at all. continue the tax break but the wealthiest 2% will have to help us deal with the deficit. >> as always, senator, you make your case very passionately. i want to play you a bit of sound from the white house senior adviser david plouffe in talking about how to resolve the fiscal cliff crisis. listen to this. >> we also need to engage in entitlement reform. medicare, medicaid carefully. these are cheap drivers of our deficit. we made progress with obama care. there's more we need to do. >> we need to engage and the white house is acknowledging this. do you not go along with the president? >> yes, sometimes i disagree with the president. >> yes, that is true. >> but if we are talking about making medicare more efficient, lowering the cost of prescription drugs to medicare, that's a reform along with their other reforms. >> how about this reform, raising the eligibility for medicare from 65 to 67 over several years? >> no. >> why not? >> why not? because there are working people out there w
no tax increases at all. continue the tax break but the wealthiest 2% will have to help us deal with the deficit. >> as always, senator, you make your case very passionately. i want to play you a bit of sound from the white house senior adviser david plouffe in talking about how to resolve the fiscal cliff crisis. listen to this. >> we also need to engage in entitlement reform. medicare, medicaid carefully. these are cheap drivers of our deficit. we made progress with obama care....
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he didn't mention anything about tax increases. but then he says, well, you come to the table and it all comes down to math. it didn't add up. that's why he needs tax increases. >> elections change things. >> math. >>> well, there will be a full court press on capitol hill later this morning as officials from northeast push for billions of dollars in federal aid in the wake of hurricane sandy. senators from hard-hit states are among those scheduled to test final the governors of new jersey, new york and connecticut are teaming up to request almost $83 billion in federal help. >>> also on capitol hill, the senate has just passed its version of a defense bill. it's a $631 billion measure. it calls for a quicker withdrawal of u.s. troops from afghanistan and tougher sanctions on iran. it would also give military personnel a 1.7% raise. that vote was 98-0. unanimous. the senate and house must work out a compromise. >>> now we turn to egypt where tv stations are expected to go dark today in protest over the president's recent power grab
he didn't mention anything about tax increases. but then he says, well, you come to the table and it all comes down to math. it didn't add up. that's why he needs tax increases. >> elections change things. >> math. >>> well, there will be a full court press on capitol hill later this morning as officials from northeast push for billions of dollars in federal aid in the wake of hurricane sandy. senators from hard-hit states are among those scheduled to test final the...
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Dec 5, 2012
12/12
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they are heaping on tax on top of tax to finance obamacare. i do not see this is social engineering. when the republicans say they are going to hold the line on raising rates? they are going to keep the regular rates where they are, we still have this surtax on the rates. the payroll tax goes up. we appreciate it. we will get you back soon. january 1st, is when it begins folks. anyway, will president obama have the courage to end the strike at two california ports that are scrare crippling the w economy? that is next up. if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. >>> cnbc's jane wells joins us now with the latest. >> they say it is not about the money. federal mediate or has been hir. ships are backing up. companies like home depot say it
they are heaping on tax on top of tax to finance obamacare. i do not see this is social engineering. when the republicans say they are going to hold the line on raising rates? they are going to keep the regular rates where they are, we still have this surtax on the rates. the payroll tax goes up. we appreciate it. we will get you back soon. january 1st, is when it begins folks. anyway, will president obama have the courage to end the strike at two california ports that are scrare crippling the...
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research finds eighteen percent taxes on pizza and soda drinks people five pounds a year tracy folks help create nutrition standards at the u.s. department of agriculture those types of taxes expression if they're like you said about the twenty percent range between ten and twenty percent can have an impact and they do cause people to purchase and can. less of the item that's being taxed for example sugar sweetened beverages or sodas shamed by films showing the secure fix of their food junk produces an elder rushing to rebrand a so-called low fun and diet well here's the secret about so-called diet food and it's actually hilarious it's called that because most diet food contains what's known as aspartame or similar name or sucralose and it's been found in numerous studies that actually diet soda products can actually lead to kidney damage metabolic problems in obesity the studies found that kidney damage was experienced in those who drink diet soda whereas those who drink regular soda which by no means is healthy did not experience the same issues the best part about it aspartame is
research finds eighteen percent taxes on pizza and soda drinks people five pounds a year tracy folks help create nutrition standards at the u.s. department of agriculture those types of taxes expression if they're like you said about the twenty percent range between ten and twenty percent can have an impact and they do cause people to purchase and can. less of the item that's being taxed for example sugar sweetened beverages or sodas shamed by films showing the secure fix of their food junk...
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. >> turn equity into tax free cash. >> give you tax free cash. >> they're not being told. about the downside. >> reporter: right now in america, 57 seniors in reverse mortgages are in danger of losing their homes. nearly 10% foreclosure rate, 4 times higher than traditional mortgages. the department of housing and urban development will recommend congress prohibit large lump sum payments and recommend seniors be careful with reverse mortgages. is the reverse mortgage the last option? >> i really think it should be, absolutely. >> reporter: an option. >> it is a wonderful house. >> reporter: linda mcmahon regrets taking. >> i hope somebody enjoys it. >> reporter: jim avila, abc news, washington. >> you have to feel for her, too. here's the problem in a nutshell. unlike traditional mortgage. make your payments. equity. a reverse mortgage pays out equity in your home as cash. increases your debt and decreases your equity. that's the problem in a nutshell. that's how the woman got into the situation she did. it sounds good, but like with everything, there is a downside. commer
. >> turn equity into tax free cash. >> give you tax free cash. >> they're not being told. about the downside. >> reporter: right now in america, 57 seniors in reverse mortgages are in danger of losing their homes. nearly 10% foreclosure rate, 4 times higher than traditional mortgages. the department of housing and urban development will recommend congress prohibit large lump sum payments and recommend seniors be careful with reverse mortgages. is the reverse mortgage...
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the white house demanding higher tax rates for the top two tax brackets, and the republicans refusing. after rejecting the obama administration proposal last week, house republicans offered an outline for $2.2 trillion in deficit reduction, mostly through spending cuts. and while president obama would not answer questions about the counterproposal -- >> no deal better than a bad deal, sir? >> reporter: -- a senior white house official assailed it as a step backward, saying if republicans do not agree to some higher rates for wealthier taxpayer, the nation will go over the cliff, and the american people will hold the republicans responsible. wall street remains optimistic a deal will be struck. so the lack of progress is not yet resulted in a market plunge. but some economists estimate that because of the uncertainty posed by the fiscal cliff, at least 200,000 fewer jobs have been created this year. the official deadline is december 31st at midnight when the ball drops in times square. the deadline is before that, a week from friday when the house of representatives is scheduled to go
the white house demanding higher tax rates for the top two tax brackets, and the republicans refusing. after rejecting the obama administration proposal last week, house republicans offered an outline for $2.2 trillion in deficit reduction, mostly through spending cuts. and while president obama would not answer questions about the counterproposal -- >> no deal better than a bad deal, sir? >> reporter: -- a senior white house official assailed it as a step backward, saying if...
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spending cuts. >> the white house drew its own line in the sand and said tax rates must go up on the top earners, but -- >> the middle-class tax cut should be made permanent. >> president obama stayed out of the fiscal cliff discussions and sat down for lunch with former rival mitt romney. >> i am sure they will or have already compared experiences on the campaign trail. >> today president obama hits the road to push for his plan to avoid the fiscal cliff. but republicans have slammed him for campaign-style politics that they say just won't get the job done. rob and sunny, back to you. >> can you really imagine that they're not going to reach some sort of deal to avoid the fiscal cliff? i mean that would be so unpopular across the nation. >> you would -- if you can take an action that would solve the problem for 98% of the country and then come back to the debate about the wealthiest 2%, let's get that first chunk done. republicans fear they could lose leverage if they cave in on the middle-class issue. apparently the president, his team has made increased demand here including, a pr
spending cuts. >> the white house drew its own line in the sand and said tax rates must go up on the top earners, but -- >> the middle-class tax cut should be made permanent. >> president obama stayed out of the fiscal cliff discussions and sat down for lunch with former rival mitt romney. >> i am sure they will or have already compared experiences on the campaign trail. >> today president obama hits the road to push for his plan to avoid the fiscal cliff. but...
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they may consider eliminating tax deductions on high income earners. and a third powerful storm hitting less than a week. weather causing rain flooding at a rate of an inch an hour at times. thousands lost their electricity. the damage wasn't as bad as they thought it would be. >>> i am marianne rafferty. now back to foxnews.com. harris. let's send you back to huckabee hosted by dana pireno. >> when i was white house press secretary and faced a room full of reporters and i am used to getting tough questions . it has been a a while since i was grilled and since i am guest host and i can't play a bass guitar. i am take questions. only person missing is helen thomas and sit negligent front row and she and i were good friends believe it or not. who is it first. >> hi, dana, i am richard from dallas and got an easy one. you are obviously lovely intelligent nice person, is it difficult to tolerate bob beckel every day? >> very. >> bob and i used to take the train back and forth when we commute benefit we moved to new york. we were in dc and go back together
they may consider eliminating tax deductions on high income earners. and a third powerful storm hitting less than a week. weather causing rain flooding at a rate of an inch an hour at times. thousands lost their electricity. the damage wasn't as bad as they thought it would be. >>> i am marianne rafferty. now back to foxnews.com. harris. let's send you back to huckabee hosted by dana pireno. >> when i was white house press secretary and faced a room full of reporters and i am...
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continuing to extend the pay roll tax cut which is a defending of social security . every since we started that bad policy. we have seen them run the deficit . medicare. when you see the american people paying on average. 115 million a year and getting something 300 mill or 300,000, benefits in their life. we have to do something about the fee for service program and get it a defined benefit and we have to reform and preserve mandatory spending programs. >> one of the things you are best at as a communicator of the republican party. what do you tell people who are worried about republicans or democrats might do in congress that would put their security in jeopardy? >> first and foremost, we are not talking about making change for current seniors or those 10 years from going in. but we have to do something for someone like myself who is 51 or those programs will not be there. we are talking 10-12 years of solvencey between social security and medicare. we have to be adults and leaders and say we have a program and we'll bring viable solutions to future generations. >>
continuing to extend the pay roll tax cut which is a defending of social security . every since we started that bad policy. we have seen them run the deficit . medicare. when you see the american people paying on average. 115 million a year and getting something 300 mill or 300,000, benefits in their life. we have to do something about the fee for service program and get it a defined benefit and we have to reform and preserve mandatory spending programs. >> one of the things you are best...
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clear on tax relief here for. cleaning off my home. tarp recipients of money from halliburton titan cauchy and blackwater are the two chairmen of the committees in congress and the house of representatives that oversee know what terry matters and spending the major corporations he's a cartel i'm up early corporations they've figured out how to legally buy influence . i would echo the words of pope john paul the second profit by itself is not a sufficient motivation for business endeavors you're operating in the realm of greed you're not operating the realm of morality. which iraq and came back was so heartbreaking was that i found that we weren't that we weren't always the good guys and it was very disillusioning for me because i'd grown up with this like dream of america what america was. and i saw a dream that upgrade been and wasn't become i felt heartbroken i feel like i didn't know what it was to be an american because i saw what i thought america was destroyed and disgraced. when they went into iraq a subsidiary of halliburton wh
clear on tax relief here for. cleaning off my home. tarp recipients of money from halliburton titan cauchy and blackwater are the two chairmen of the committees in congress and the house of representatives that oversee know what terry matters and spending the major corporations he's a cartel i'm up early corporations they've figured out how to legally buy influence . i would echo the words of pope john paul the second profit by itself is not a sufficient motivation for business endeavors you're...
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bag of laundry that i could do at home for three dollars a legal way a statement from the goldman or tax payers money down auto. company is overcharging taxpayers. company bill taxpayers for its contract work in iraq it is your money that's being used these contracts have managed to cost plus which is the opposite of trying to save money it guarantees that everything that you buy will be paid back and read if it's justified and you'll be given a profit edition. critics. say the more taxpayer dollars halliburton the more halliburton. cost plus encourages you to run up the cost of the program because you are going to get a percentage of the end result has so there is no incentive to stay at motel six states. in kind of folks the places they chose for orientation the way it was a huge resort set right on the ocean. so it was better than the window. it was faint save marble floors mahogany what were those just beautiful they had seen. and you could go in ridgeway verner's play in the water they were running wave runners and we got paid by the hour to do it i was told this don't question and
bag of laundry that i could do at home for three dollars a legal way a statement from the goldman or tax payers money down auto. company is overcharging taxpayers. company bill taxpayers for its contract work in iraq it is your money that's being used these contracts have managed to cost plus which is the opposite of trying to save money it guarantees that everything that you buy will be paid back and read if it's justified and you'll be given a profit edition. critics. say the more taxpayer...
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tall tax rates will go up. we will then enact tax cuts for 98%. we will get congratulations from the american people. >> keeping and adding back tax cut for those above $250,000, 9 #% of income would add $37 trillion in ten years and would only save $800 billion or so from raising rates on higher incomes. democrats complain the republicans didn't pay for bush tax cut and no one on the democratic side is talking about finding the off-setting savings now to extend them. several democrats contemplated going over the cliff in recent days. perhaps in hopes of gaining leverage. >> if the republicans don't agree with that, we reach a point where all the tax cuts expire and we start over next year. >> form every republican senate aide said it would be hard to blame one party. >> i think they realize that both sides will be culpable if we go over cliff. >> house speaker john boehner says going over the cliff is far too dangerous to the economy. nevertheless, even treasury secretary geithner suggested on fox news sunday that republicans might need more time
tall tax rates will go up. we will then enact tax cuts for 98%. we will get congratulations from the american people. >> keeping and adding back tax cut for those above $250,000, 9 #% of income would add $37 trillion in ten years and would only save $800 billion or so from raising rates on higher incomes. democrats complain the republicans didn't pay for bush tax cut and no one on the democratic side is talking about finding the off-setting savings now to extend them. several democrats...
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each of you taking home 60 cents before taxes. and that helps. what was the plan if you hit it big, how many would come back to work? how many of you would we have seen tomorrow night if you had won? >> i would not have been here. no way. >> no one stays on? >> i would be sleeping at this time. >> like normal people. exactly. very nice. what was the craziest thing you would have done with the money, the fun thing? your craziest thing? >> would have paid $40 to get it both ways. out in vegas. >> oh, no. >> oh, no. >>> welcome to "the mix," everybody. you know, it is the holiday season. everybody is worried what can you get me. it is nice to see stories of -- of true philanthropy, and people thinking outside of themselves. want to show you the photo kind of gone viral. it's of a new york police officer putting some boots on a homeless man right outside of times square. this officer, lawrence diprimo, had no idea a tourist from arizona was taking this photo. she posted it on the new york police department's official facebook page, late on tuesday. b
each of you taking home 60 cents before taxes. and that helps. what was the plan if you hit it big, how many would come back to work? how many of you would we have seen tomorrow night if you had won? >> i would not have been here. no way. >> no one stays on? >> i would be sleeping at this time. >> like normal people. exactly. very nice. what was the craziest thing you would have done with the money, the fun thing? your craziest thing? >> would have paid $40 to get...
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the payroll tax cut will expire. if you're a working person, you're losing $40 to $50 a week immediately in your first paycheck. the unemployment benefits will expire. if you're dependent on that, your income will fall off the cliff. if you're someone who listens on dividends and financial gains, the fact that tax on those will rise will not put a crimp in your lifestyle and you may not be taking any capital gains until june, july, august, september. those who are most vulnerable are those on the lower income ladder and who are benefiting from the benefits that will expire, they will feel like they're going over a cliff. >> eliot: brian, let me turn to you, politically am i not correct? the pieces of the tax impact that dan was just talking about that would have the greatest impact are the pieces that are the least likely to be extended under any deal. the payroll tax there seemed to be a consensus that there would not be an extension of the payroll tax cut because that is so necessary to funding social security. tha
the payroll tax cut will expire. if you're a working person, you're losing $40 to $50 a week immediately in your first paycheck. the unemployment benefits will expire. if you're dependent on that, your income will fall off the cliff. if you're someone who listens on dividends and financial gains, the fact that tax on those will rise will not put a crimp in your lifestyle and you may not be taking any capital gains until june, july, august, september. those who are most vulnerable are those on...
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increase tax top tax and he was bent over the way he was wrong. nixon defended a he was wrong or can't either but so is right but tom nobody was paying ninety percent for real because there's because what happens is the democrats when they had three million dollars a quick take on audio but everybody did their businesses so that they could pay their employees of these away democrats raise the rates so that they can sell deductions that's how the game is played that is well that's how they always corazon republicans want to lower the rates that so you can't sell deductions if the rates are low the reality though is that during that period of time when the top tax rate topping them tax rate was ninety one seventy four percent from from one hundred thirty five one hundred thirty three nine hundred thirty three ok no until until the eisenhower here in the regular mr ok during that period of time you had you had c.e.o.'s who were not living in mansions they were you know and only one private well you had some people who were having rich you didn't have
increase tax top tax and he was bent over the way he was wrong. nixon defended a he was wrong or can't either but so is right but tom nobody was paying ninety percent for real because there's because what happens is the democrats when they had three million dollars a quick take on audio but everybody did their businesses so that they could pay their employees of these away democrats raise the rates so that they can sell deductions that's how the game is played that is well that's how they...
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without raising any taxes. but the fact of the matter is i know the gentleman has historically not felt tax cuts should be paid for either by reducing it or offsetting. the president doesn't agree with the $800 billion because he doesn't think the math works. i share the president's view. the math doesn't work. the most useful effort will be if we all agree on the onive -- objective, whether it's $4 trillion, whether it's 70% debt to g.d.p. ratio which most economists or a little less than that is sustainable or is on a sustainable path. if we all agree with the objective and then, mr. majority leader, simply make the math work to get there on a way that we could agree on, i think america would be advantaged, the economy would be advantaged and we'd see a renaissance of job creation in this country as we did in the 2000's. and i'll be glad to yield to my friend. mr. cantor: i accept the gentleman's good intentions. i know he doesn't think that we ought to be imposing additional obligations on the american peopl
without raising any taxes. but the fact of the matter is i know the gentleman has historically not felt tax cuts should be paid for either by reducing it or offsetting. the president doesn't agree with the $800 billion because he doesn't think the math works. i share the president's view. the math doesn't work. the most useful effort will be if we all agree on the onive -- objective, whether it's $4 trillion, whether it's 70% debt to g.d.p. ratio which most economists or a little less than that...
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extent than any other war in history they're part of a multi-billion dollar industry fueled by your tax dollars an industry very much in me by the u.s. military. forty cents out of every dollar congress controls goes to contractors. there's more than twenty thousand private military on the ground so the second largest armed force in iraq or private security the out scale the brits are a real solution. my question is regarding is in regards to private military contractors the uniform code of military justice does not apply to these contractors in iraq i asked your secretary of defense a couple months ago what law governs their actions is wrong and i ask him go ahead . i was hoping your answer might be a little more specific. mr rumsfeld answered that iraq has its own domestic laws which he assumed applied to those private military contractors however iraq is clearly not currently capable of enforcing its laws much less against you know over our american military contractors i would submit to you that in this case this is one case that privatization is not a solution and mr president how
extent than any other war in history they're part of a multi-billion dollar industry fueled by your tax dollars an industry very much in me by the u.s. military. forty cents out of every dollar congress controls goes to contractors. there's more than twenty thousand private military on the ground so the second largest armed force in iraq or private security the out scale the brits are a real solution. my question is regarding is in regards to private military contractors the uniform code of...
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Dec 6, 2012
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we were paying taxes. there was a little law that was only used once on me, i think a paraphernalia law that said it was illegal to ship paraphernalia across state lines. that made it a federal offense. by the way joe biden wrote the law. >> cenk: i hope you're right. biden and obama don't have a great record on this. let's bring in a different point of view. you and i agree we're optimistic about the laws that we hope it goes in the right direction and spreads across the country. i'll bring in sandra, a member of colorado concern. i don't believe she shares our point of view. what is your take on legalizing marijuana in colorado. >> good evening cenk, happy to be here. i represent the business community, and we're very concerned about the passage of amendment 164 and it's implication for business and for colorado. >> cenk: why? >> that's our concern. >> cenk: i don't get that? i guess if you represent the alcohol companies you might be worried about competition but why the business. >> we're concerned abo
we were paying taxes. there was a little law that was only used once on me, i think a paraphernalia law that said it was illegal to ship paraphernalia across state lines. that made it a federal offense. by the way joe biden wrote the law. >> cenk: i hope you're right. biden and obama don't have a great record on this. let's bring in a different point of view. you and i agree we're optimistic about the laws that we hope it goes in the right direction and spreads across the country. i'll...
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tax policy. the tax cuts that will expire at the end of this year. then, senator orrin hatch from utah gives the republican address on the fiscal cliff which refers to automatic tax increases and spending cuts that would go into effect in 2013. >> hi, everybody. i'm here on the factory floor of a business in hatfield, pennsylvania, where folks are working around the clock making toys to keep up with the christmas rush. and i came here because, back in washington, the clock is ticking on some important decisions that will have a real impact on our businesses - and on families like yours. the most pressing decision has to do with your taxes. see, at the end of the year, middle-class tax cuts are set to expire. and there are two things that can happen. first, if congress does nothing, every family will see their income taxes automatically go up at the beginning of next year. a typical middle class family of four will see their income taxes rise by $2,200. we can't let that happen. our families can't afford it, and neither can our economy. the second opt
tax policy. the tax cuts that will expire at the end of this year. then, senator orrin hatch from utah gives the republican address on the fiscal cliff which refers to automatic tax increases and spending cuts that would go into effect in 2013. >> hi, everybody. i'm here on the factory floor of a business in hatfield, pennsylvania, where folks are working around the clock making toys to keep up with the christmas rush. and i came here because, back in washington, the clock is ticking on...
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a broader tax reform. it's unclear whether we'll see that as part of the deal that happens before the so-called fiscal cliff and fiscal slope by the end of this year or in 2013, but we could see real corporate tax reform, possibly lowering in this year or next. these things can get lost in the details when folks are talking about the bush tax cuts and medicare and medicaid thinking about corporate taxes. but there is so much that could go in this deal. corporate taxes could be part of it. you would see ceos on television getting involved in this kind of stuff if there wasn't something at stake for them when it came to paying taxes and their bottom line. >> eliot: and another indicator of how far apart the parties are when you hear the debt ceiling where last year things got really angry politically as well as in the private negotiation. you have john boehner saying you are going to have to pay me a price to raise the debt ceiling. as a matter of policy they're saying you pass the tax bill. will there be a
a broader tax reform. it's unclear whether we'll see that as part of the deal that happens before the so-called fiscal cliff and fiscal slope by the end of this year or in 2013, but we could see real corporate tax reform, possibly lowering in this year or next. these things can get lost in the details when folks are talking about the bush tax cuts and medicare and medicaid thinking about corporate taxes. but there is so much that could go in this deal. corporate taxes could be part of it. you...
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Nov 30, 2012
11/12
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no new taxes. you see clint eastwood was dominating republican conventions even then, at least having a hand about the remembered moments of the convention. this was a big deal and it was a big deal because those of us in the media needed some kind of a handle on all these negotiations. we know to support these were talking in may. we need to group data that the white house was the serious people. dimensions of the problem, they were the biggest problem we had at that time, especially before we realized we were going to war in iraq. that particular summer, what we were looking out of the fiscal front was the biggest touring town. we were looking for wonky publications at congressional quarterly that no problem getting readers interested because they were the people who knew. but all the rest of the media really was the handle come in no way to get people interested at all these numbers. there was no way to make a personal for them. but there was an enormous drama in plane of presidents reversal in
no new taxes. you see clint eastwood was dominating republican conventions even then, at least having a hand about the remembered moments of the convention. this was a big deal and it was a big deal because those of us in the media needed some kind of a handle on all these negotiations. we know to support these were talking in may. we need to group data that the white house was the serious people. dimensions of the problem, they were the biggest problem we had at that time, especially before we...
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instead of raising tax rates, we can produce a similar amount of revenue reforming the tax code to close loopholes and lower tax rates. >> no, no, no. republicans are not getting the mitt romney tax proposal. time to move on speaker boehner. republicans are furious about the white house proposal. mitch mcconnell told the weekly standard he burst into laughter when he received the deal. the new second ranking republican in the senate john cornyn also disparaged the deal. >> that's a crazy idea. i'm amazed that secretary geithner had the courage to float that yesterday. hence the laughter from senator mcconnell. that's the kind of response it deserves. >> they are laughing in public, but they are panicking behind closed doors. conservative writer matt lewis, writer for "the daily caller", the notion that republicans have leverage is silly. it's the same kind of happy thinking that led to some boldly-predicting a romney victory. he said republicans are so screwed. this is why president obama is playing to his strengths. the president has never had a problem rallying the american people to h
instead of raising tax rates, we can produce a similar amount of revenue reforming the tax code to close loopholes and lower tax rates. >> no, no, no. republicans are not getting the mitt romney tax proposal. time to move on speaker boehner. republicans are furious about the white house proposal. mitch mcconnell told the weekly standard he burst into laughter when he received the deal. the new second ranking republican in the senate john cornyn also disparaged the deal. >> that's a...
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Dec 5, 2012
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for millions of people the 2001 tax bill only change the name of the tax that i the name of the tax that i pay. i got very little benefit from the rate reduction because i was shifted over but in my opinion it has nothing to do the absence of the index but a result of the conscious vision to hide the cost as the bush tax cuts to be that amt in place >>host: the highest amt is 20% but after 2001 if the tax rate was lowered a to defy% used had to pay a mts backtracked but incomes between 200 north that is hitting the 35% rate and the end comes are lower than the levels at which you would hit the 35% rate. there is a bazaar rate structure. >>host: why is it called a patch? >>guest: one time, year by year, patch, of the broad expansion. you could say why do they call it a cliff? [laughter] it is discussed in a terms of apache and it is a year by year increase. of the patches nothing but an increase of the exemption to prevent tens of millions of people to be forced to fallout their return. what makes this critical in the discussion is weird talking about the package for 2012 i'd like the res
for millions of people the 2001 tax bill only change the name of the tax that i the name of the tax that i pay. i got very little benefit from the rate reduction because i was shifted over but in my opinion it has nothing to do the absence of the index but a result of the conscious vision to hide the cost as the bush tax cuts to be that amt in place >>host: the highest amt is 20% but after 2001 if the tax rate was lowered a to defy% used had to pay a mts backtracked but incomes between...
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because they refuse to let tax rates go up on the richest americans. >> republicans say tax hikes on the wealthy mean tax hikes for small businesses, something they insist they cannot accept. here is long-time gop senator orin hatch. >> unfortunately, some on the other side of the aisle are indicating a disastrous thelma and louise idea, that will put us in jeopardy, for small business and other parts of the economy. >> they agreed that tax cuts should be renewed for everybody making less than $250,000 a year. but democrats want the tax cuts for the very wealthy to expire. >>> and reigniting the trayvon martin debate, and whether the famous "stand your ground law" should be out lawed. and may havs where bacteria can multiply. polident is designed to clean dentures daily. its unique micro-clean formula kills 99.9% of odor causing bacteria and helps dissolve stains, cleaning in a better way than brushing with toothpaste. that's why i recommend using polident. [ male announcer ] polident. cleaner, fresher, brighter every day. a new way to save on your prescriptions. it's the aarp medica
because they refuse to let tax rates go up on the richest americans. >> republicans say tax hikes on the wealthy mean tax hikes for small businesses, something they insist they cannot accept. here is long-time gop senator orin hatch. >> unfortunately, some on the other side of the aisle are indicating a disastrous thelma and louise idea, that will put us in jeopardy, for small business and other parts of the economy. >> they agreed that tax cuts should be renewed for everybody...
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impose a sales tax on wall street call it the wall street sales tax i think that makes a lot of sense there was one between one thousand nine hundred sixteen and one nine hundred sixty six there was a very small wall street sales tax new york state still has a wall street sales tax but they give it back they give it back to the banks because the banks say don't you dare tax us so we'll go to jersey so they they caved in there's also the restall right now today a tiny tiny tax on wall street turnover it's point zero zero zero zero something or other and that goes to finance the securities and exchange commission so there's no doubt about the constitutionality it's easy to collect the stuff has to go across exchanges or be enforced in the court. and the amount well the turnover is in the quadrillions six to seven quadrillions of derivatives stocks bonds you put a one percent tax on that your revenue enhancement is probably in the area of many trillions. we don't know how many trillions because obviously the speculation would tend to go down if you're sort of the narrative is imposing on
impose a sales tax on wall street call it the wall street sales tax i think that makes a lot of sense there was one between one thousand nine hundred sixteen and one nine hundred sixty six there was a very small wall street sales tax new york state still has a wall street sales tax but they give it back they give it back to the banks because the banks say don't you dare tax us so we'll go to jersey so they they caved in there's also the restall right now today a tiny tiny tax on wall street...
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known raising the gas tax could be seen as a big blow to those big oil companies but if i had to bet companies like exxon mobil which by the way made forty one billion dollars in profit last year probably are going to let those profits go down it would more likely mean customers paying more at the pump. third half of the program cuts in the original simpson bowles plan have already been achieved so taking a look at the map you see of the two point nine trillion dollars of program cuts about one point five trillion have already been announced it looks like congress at least was listening to that part of the plan. all right for social security may no longer be the third rail in american. the text since in bold makes three main changes to social security it increases the taxable maximum on income to ninety percent of all income which would raise two hundred thirty eight billion dollars over the next decade it also uses a different measure of inflation to slow cost of living adjustments and it also raises the retirement age once again now for decades after social security was first imple
known raising the gas tax could be seen as a big blow to those big oil companies but if i had to bet companies like exxon mobil which by the way made forty one billion dollars in profit last year probably are going to let those profits go down it would more likely mean customers paying more at the pump. third half of the program cuts in the original simpson bowles plan have already been achieved so taking a look at the map you see of the two point nine trillion dollars of program cuts about one...
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rate compensated up to forty percent of the way you generate tax payers to be. here and everything. work in prison is mandatory and the choice many inmates have is whether to work for a government run prison industry for less than a dollar an hour or private one for a minimum wage or for around six dollars a unit cory's a government owned corporation that uses prison labor to produce all kinds of goods mainly for other government agencies one hundred seventy five different types of products and services you see the variety listed on. web site they to partner up with private firms now last year unicorns revenue reached nine hundred million dollars as far as private prisons are concerned two of the country's biggest prison corporations made three point three billion dollars last year alone private prisons are traded on the new york stock exchange they are for profit companies and the savings that they reap from using inmate labor. go to their bottom line it's money they otherwise don't have to. keep. large prison populations and harsh sentences result in greater profits america's thre
rate compensated up to forty percent of the way you generate tax payers to be. here and everything. work in prison is mandatory and the choice many inmates have is whether to work for a government run prison industry for less than a dollar an hour or private one for a minimum wage or for around six dollars a unit cory's a government owned corporation that uses prison labor to produce all kinds of goods mainly for other government agencies one hundred seventy five different types of products and...
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of green bargain like simpson bowles that will leave the republican santa clause that delivered low tax rates nicked by paper cuts but leave the democratic santa clause a shot of a bloody mess recognizing what might be on the horizon progressive senator bernie sanders said this after the election. we're going to send a loud message. the leadership in my house in the senate and president of bad do not have children should you know you do not have a medicare do not problematic a. bad option of. having a back to me and i may have we may not matter in the bedroom i have a box of the elderly the sick the children they haven't. in other words don't shoot the democrat santa clause which we pay for by the way to reduce the deficit or bernie sanders of the progress is understand is that democrats haven't been playing santa claus for the last eighty years just to win elections they don't play santa claus to save the nation and our economic system as we know it face of the great depression and communist revolutions around the world roosevelt had to enact the new deal just to save capitalism itself
of green bargain like simpson bowles that will leave the republican santa clause that delivered low tax rates nicked by paper cuts but leave the democratic santa clause a shot of a bloody mess recognizing what might be on the horizon progressive senator bernie sanders said this after the election. we're going to send a loud message. the leadership in my house in the senate and president of bad do not have children should you know you do not have a medicare do not problematic a. bad option of....
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they paid only one point two million pounds worth of tax in two thousand and ten when in fact despite when in fact they made profits of around one hundred eighty one million which equates to a tax bill of around fifty one million pounds according to estimation. laura smith in london thank you very much for that update we'll see what the final sentence will be then. so i had this ally india is already to flex its muscles in the south china sea as a country for this team staking a claim for a huge oil and gas bill they're going to come from i think eighteen. plus the us senator received some tit for tat medicine from moscow in response to fit into slap a travel ban and russian thank you for breaching human rights that's another international story to show. a forty nine year old southern california man was thrown in prison and charged with possessing materials to make explosive device all because of his rather unusual wristwatch despite the bomb squad saying that his watch was not a weapon here rated custody for twenty four hours and was charged with the crime anyways a spokesman for the
they paid only one point two million pounds worth of tax in two thousand and ten when in fact despite when in fact they made profits of around one hundred eighty one million which equates to a tax bill of around fifty one million pounds according to estimation. laura smith in london thank you very much for that update we'll see what the final sentence will be then. so i had this ally india is already to flex its muscles in the south china sea as a country for this team staking a claim for a...
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without raising tax rates. >> reporter: and the president today offered this warning to republicans. amid reports they may accept mr. obama's plan to extend tax cuts for most americans while allowing them to go up for the richest, and start the fight all over again during debt limit talks early next year. >> that is a bad strategy for america. it is a bad strategy for your businesses. and it is not a game that i will play. >> reporter: and brian, tonight, the white house is preparing in case the country does go over that fiscal cliff, budget officials have asked all federal agencies for information that they need in case of possible plans in case of those automatic spending cuts that could go in place in just 27 days. >> peter alexander at the white house for us tonight. thank you. >>> and up next, the loss today of a legend in american music. i put away money. i was 21, so i said, "hmm, i want to retire at 55." and before you know it, i'm 58 years old. time went by very fast. it goes by too, too fast. ♪ but i would do it again in a heartbeat. [ laughs ] ♪ ♪ i took my son fishi
without raising tax rates. >> reporter: and the president today offered this warning to republicans. amid reports they may accept mr. obama's plan to extend tax cuts for most americans while allowing them to go up for the richest, and start the fight all over again during debt limit talks early next year. >> that is a bad strategy for america. it is a bad strategy for your businesses. and it is not a game that i will play. >> reporter: and brian, tonight, the white house is...
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and if you've got taxes on your income we're getting bad get ready for this uncle sam is looking for ways to fix the student debt crisis by taking money right out of borrowers paychecks a new solution to an old problem coming up. good evening it's wednesday december fifth eight pm in washington d.c. i'm christine freeze out and you're watching our team let's begin this evening with what happened yesterday in a vote of ninety eight to zero the senate passed the national defense authorization act of two thousand and thirteen after five days of debate and hundreds of amendments considered many within the senate were proud of the progress made and of the bipartisan support the bill got something frankly that's been rather rare and capitol hill these days the bill now has to house senate conference committee where it will be discussed and differences between the house version of the bill hammered out however what exactly is within those six hundred sixty eight pages well some of it might surprise you archie's liz wahl explains. the national defense authorization act or the n.p.a. as it's
and if you've got taxes on your income we're getting bad get ready for this uncle sam is looking for ways to fix the student debt crisis by taking money right out of borrowers paychecks a new solution to an old problem coming up. good evening it's wednesday december fifth eight pm in washington d.c. i'm christine freeze out and you're watching our team let's begin this evening with what happened yesterday in a vote of ninety eight to zero the senate passed the national defense authorization act...
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Nov 29, 2012
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tax dollars, tax dollars, tax dollars, are being spent on facelifts and liposuction for teachers. the total bill this past year, ready for this? $2.7 million. now that is down from the year before, which was $5.2 million. how does this happen? well, it turns outs the perk is included as a ride he were in the teachers' contract, and that's raising big questions about unions and collective bargaining. we're back with our political panel. this is byron york's favorite story of the night. byron? >> this story blew my mind. it goes back to a contract that was ratified in the 1970s, when unions were getting about everything they wanted. the schools were giving unions everything they wanted. and plastic surgery was not as common at the time. what's happened is, it stayed in the contract, and teachers began, and employees began, using it more. now they haven't had a new contract since 2004, but there's in new york state law that allows unions to keep going with the contract that's -- even if it's expired, so there's no incentive for anybody to negotiate a new one. so the union gets perks
tax dollars, tax dollars, tax dollars, are being spent on facelifts and liposuction for teachers. the total bill this past year, ready for this? $2.7 million. now that is down from the year before, which was $5.2 million. how does this happen? well, it turns outs the perk is included as a ride he were in the teachers' contract, and that's raising big questions about unions and collective bargaining. we're back with our political panel. this is byron york's favorite story of the night. byron?...
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tax the structure. but in fact said mark. so clever that everyone talks about it now now there isn't any new imperial data or statistics released in the beige book it's mostly a chance for investors to see how the fed thinks and makes conclusions from anecdotal data and surveys but now you know what the beige book is so. let's wrap up with loose change dimitri thank you for being in the hot seat to talk about something that really i think i need to add to my christmas list so we've heard some americans getting a bit nutty about botox remember the mom who gave her eight year old injections. she started giving the injections to keep up with the beauty take all world of the pageant circuit an idea she says was planted by other pageant moms. ok now that is terrifying but botox is getting creative not just with with young folks which is horrible but some poker players are getting poker talks so because a manhattan doctor is offering poker talk so that these players can keep their poker face without giving away any facial expressio
tax the structure. but in fact said mark. so clever that everyone talks about it now now there isn't any new imperial data or statistics released in the beige book it's mostly a chance for investors to see how the fed thinks and makes conclusions from anecdotal data and surveys but now you know what the beige book is so. let's wrap up with loose change dimitri thank you for being in the hot seat to talk about something that really i think i need to add to my christmas list so we've heard some...
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i want to be paying more taxes. i want our taxes to go to serve the policies of the country, education, charity, health care. i think that president obama's right about this. but i think compromise is going to be necessary to achieve some result. >> let me bring in abbe. your father is known as a moderate republican and a good dealmaker, a man who used to negotiate. what do you make of this? and what does he make of this? >> i think morale is so low right now. the country's so divided. especially for my generation. we're the ones that are going to be handed down the $60 trillion deficit. they will come to a deal. but right now, it's political theater. and it's probably going to look like the simpson-bowles. that will come full-circle again. >> here's a problem the republicans have got themselves into. is obama has been very clever here, the president. i think what he's done is skillfully said to the public, if he goes over the fiscal cliff, the republicans are prepared to make the entire middle class to pay more tax
i want to be paying more taxes. i want our taxes to go to serve the policies of the country, education, charity, health care. i think that president obama's right about this. but i think compromise is going to be necessary to achieve some result. >> let me bring in abbe. your father is known as a moderate republican and a good dealmaker, a man who used to negotiate. what do you make of this? and what does he make of this? >> i think morale is so low right now. the country's so...
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Dec 1, 2012
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one-third of it was tax cuts. they said from the get go, we're going to give republicans what they want. we expect them to meet in the middle. that's not what they did this time. this is where we are, we'll meet down here. republicans are going to do the same thing. they're going to say this is not a serious proposal. along the way, they are going to meet. it's going to be a proposal that doesn't have a trillion dollars in tax rates. >> some conservatives are encouraging republicans to go off the cliff. >> they obviously expect republicans will cave on everything. i think republicans ought to simply walk away. >> limbaugh said the same thing as well. is this political suicide for republicans? who would really pay the political price before the state of the union and on into the spring if they don't have a deal? >> republicans. i think matt lewis and his column got it right. they would pay the price. what they are essentially saying because we want to protect -- listen, it's a more complex argument. what it will be
one-third of it was tax cuts. they said from the get go, we're going to give republicans what they want. we expect them to meet in the middle. that's not what they did this time. this is where we are, we'll meet down here. republicans are going to do the same thing. they're going to say this is not a serious proposal. along the way, they are going to meet. it's going to be a proposal that doesn't have a trillion dollars in tax rates. >> some conservatives are encouraging republicans to go...
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cut the tax rate for the richest people and take money away. is not the way to grow the economy we are heading for an extended period of. the stagnation and. thank you very much for joining us but also save us a little because the concern has he said there on picking say the thing is that the one thing cutting through all the waste and says it's enough that the k. is going to be set to have to place itself but even tough because of the even whole austerity. sara thanks a lot sort of live from london and we have more from the u.k. head for you this hour with a look at how london has voiced what many brits have long been thinking and the news continues financial crisis the head of the british capital urged the u.k. to hold a referendum over the country's membership making an exit and likely prospect of more nuts and other stories after a short break. tucked in between the russian mainland japan and the sun coming island is the island of minute on named after french seafarer who discovered it it is described as the pride of the sakhalin region we'
cut the tax rate for the richest people and take money away. is not the way to grow the economy we are heading for an extended period of. the stagnation and. thank you very much for joining us but also save us a little because the concern has he said there on picking say the thing is that the one thing cutting through all the waste and says it's enough that the k. is going to be set to have to place itself but even tough because of the even whole austerity. sara thanks a lot sort of live from...
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taxes? guest: i don't think so. i think keeping tax rate with a r is the real question. you can increase revenue without increasing tax rates. honestly, just a more efficient system redistributing investments toward things that generate economic growth. that is something that paul ryan has been a leading advocate of. yeah, i think this is a really smart and good proposal by the speaker, and i was very pleased to see every republican sign off on it. it was not just his name. i hope the white house understands there is unity at the republican leadership table. host: here is a copy of the letter sent to the white house with the signatures of the leadership team including paul ryan. a lot of our callers have talked about the lack of details in this proposal then back which loopholes or deductions do you get rid of? guest: there is an interesting debate and discussion on that. that is for the negotiators. the easiest way to do it would be to cap the dollar amount and let the individual pick and c
taxes? guest: i don't think so. i think keeping tax rate with a r is the real question. you can increase revenue without increasing tax rates. honestly, just a more efficient system redistributing investments toward things that generate economic growth. that is something that paul ryan has been a leading advocate of. yeah, i think this is a really smart and good proposal by the speaker, and i was very pleased to see every republican sign off on it. it was not just his name. i hope the white...
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if that means extending the bush tax cuts until both things happen, in other words, whatever tax increases take place take place, whatever expenditure reductions take place at the same time. i simply wouldn't trust the president with any kind of deal where you give him revenue increase now, and he gives you an expenditure reduction a year from now. i don't think you'll ever see the expenditure reduction and rush limbaugh's comment is absolutely correct. our country is in trouble because we're spending too much money, not because we're taxing too little. >> greta: mayor, i don't know if i could find one american, maybe i can, maybe there are a lot out there who think you can cut a deal now with the promise that something is going to be done down the road by the government. i don't know anyone who would ever believe such a promise. i don't expect that the republicans would accept that offer from the president. i just don't see that as ever happening in the city. let me ask you -- >> i'm sorry. republicans basically have to say our principles here are correct. our whole analysis of the econom
if that means extending the bush tax cuts until both things happen, in other words, whatever tax increases take place take place, whatever expenditure reductions take place at the same time. i simply wouldn't trust the president with any kind of deal where you give him revenue increase now, and he gives you an expenditure reduction a year from now. i don't think you'll ever see the expenditure reduction and rush limbaugh's comment is absolutely correct. our country is in trouble because we're...
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the most supply side oriented tax of all is the tax on risk and wealth, namely capital gains tax, risk wealth high risk stock investment. every time the capital gains tax rate is cut, revenues soar as they did under bill clinton. in fact, president obama was asked this in a tv interview during the campaign and he said i know that's what the numbers show but i still want to raise the top rates. if ever there's a supply side tax rates where lower rates produce higher rates it's capital gains. >> that's right. people start taking gains and hold on to what they have. that means capital is not put to work. in the early 1990s the economy was starting to get a real head of steam. not enough to save george h.w. bush but that slowed in '93 and '94. when republicans came in, cut spending, killed hilary care and alan greenspan had a sensible monetary policy, the economy started to recover and then clinton got the religion, he cut capital gains. >> steve is giving your man all these kudos and you're not taking them. >> two things first, larry, didn't president reagan raise the capital gains tax ra
the most supply side oriented tax of all is the tax on risk and wealth, namely capital gains tax, risk wealth high risk stock investment. every time the capital gains tax rate is cut, revenues soar as they did under bill clinton. in fact, president obama was asked this in a tv interview during the campaign and he said i know that's what the numbers show but i still want to raise the top rates. if ever there's a supply side tax rates where lower rates produce higher rates it's capital gains....
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nobody even knew what the alternative minimum tax was 8, 9 years ago. now more and more americans, millions are susceptible to it. if you have to patch it for another year, i would hope to get a final solution to that situation very, very shortly because we cannot have that anxiety hanging over folks as they go to pay their taxes in february and march of next year. >> absolutely. another issue, i guess, that is seen as a complication but one that must be addressed the president says, the debt ceiling. i want to play what senator mcconnell has said regarding the president and the portion of his proposal that included the debt ceiling. let's play it. >> the last person who should have limitless borrowing power. look, the only way we cut spending around here is by using the debate over the debt limit to do it. >> i bet you don't agree with that? >> i don't agree with that. we've seen what happens. we've been brought to the brink and don't want to go back to 1995 when the folks walked out and government was shut down. what did we accomplish? i think even mr
nobody even knew what the alternative minimum tax was 8, 9 years ago. now more and more americans, millions are susceptible to it. if you have to patch it for another year, i would hope to get a final solution to that situation very, very shortly because we cannot have that anxiety hanging over folks as they go to pay their taxes in february and march of next year. >> absolutely. another issue, i guess, that is seen as a complication but one that must be addressed the president says, the...
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they might also consider eliminating tax deductions on high income earners. a third powerful storm hitting northern california and the pacific northwest in less than a week. wicked weather causing flooding with rain falling at the rate of an inch per hour at times. 100,000 people at this point have lost power and people say the damage was not as bad as they thought it would be. more rain expected. i'm harris falkner, now, let's get you back to huckabee. ♪ >> when he i was white house press secretary, afaced a roomful of reporters on a daily basis so i'm used to getting tough questions, been a while since you've been grilled on stage, but since i'm guest hosting for governor huckabee in front of a studio audience and i can't play a bass guitar, i can take questions from the audience and the only thing that seems to be missing is helen thomas who use today sit in the front row and she and i were good friends, believe it or not. [applause] >> hit me with your best shot, what you got? who is first. >> i'm richard from dallas, an easy one for you, you're such an
they might also consider eliminating tax deductions on high income earners. a third powerful storm hitting northern california and the pacific northwest in less than a week. wicked weather causing flooding with rain falling at the rate of an inch per hour at times. 100,000 people at this point have lost power and people say the damage was not as bad as they thought it would be. more rain expected. i'm harris falkner, now, let's get you back to huckabee. ♪ >> when he i was white house...
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Nov 29, 2012
11/12
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they're still making the argument that they want to raise taxes on that small percentage of americans. the white house has not put forth any specifics. depending how the president secretary goes, there is miles of space in between the two sides on this one. >> all right. one of my favorite reporters juana summers with politico. thank you for joining us. >> up next, it has several layers. the story on the outside is far different than the inside. yes, as far as metaphors go, the saga of the twinkie takes the >> as we reported, hostess went bankrupt after it was unable to resolve a labor dispute with unionized workers. the bakers union is fighting to make sure its voice is heard in the bankruptcy proceedings. it wants to make sure its members get what they're owed in pension payments and other promised benefits. the union has asked the judge overseeing the bankruptcy to appoint a member of the union to a group of trustees managing the winding down of the company. as it stands how to, no union members sit on the company's board and in fact, take a look at this. look at that! kind of look
they're still making the argument that they want to raise taxes on that small percentage of americans. the white house has not put forth any specifics. depending how the president secretary goes, there is miles of space in between the two sides on this one. >> all right. one of my favorite reporters juana summers with politico. thank you for joining us. >> up next, it has several layers. the story on the outside is far different than the inside. yes, as far as metaphors go, the saga...
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Dec 5, 2012
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a promise to end undefined tax deductions and loopholes of some kind at some point maybe next year. ta da! a fair and balanced middle ground. >> unfortunately, the speaker's proposal right now is still out of balance. >> yes. balance. here's the amazing part, though. after congressional republicans released their plan yesterday, which gives them everything they want and promises democrats that they might get something undefined that they might want maybe some time in the future. we'll talk about it later. after they put forth that sweet deal, this was the reaction from the beltway's conservative class. this is genius. sadly, this plan leaves conservatives wanting. wanting what exactly? the declaration that mitt romney is actually president? wanting what? a pony? there's a conservative guy who didn't get his pony. let's add the pony. how are you happy? still not happy? this is a game. republicans put forward an offer in which they get everything they want. democrats get nothing, even though democrats won the election. then the republicans have the people on their own side squawk and
a promise to end undefined tax deductions and loopholes of some kind at some point maybe next year. ta da! a fair and balanced middle ground. >> unfortunately, the speaker's proposal right now is still out of balance. >> yes. balance. here's the amazing part, though. after congressional republicans released their plan yesterday, which gives them everything they want and promises democrats that they might get something undefined that they might want maybe some time in the future....
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deadly timothy geithner can say oh you know what don't withhold is much from their paychecks as these tax cuts adjusted expired would have typically do but he doesn't want you know it's you know this is interesting because it's a star and i just have to say though that this is an example given is like a look we're not. totally in trouble if the u.s. goes off the fiscal cliff i think we are in trouble if the treasury secretary is this much authority over what with how problematic a good the treasury this is the first will close all the stuff you want to like it's like turning your watch back two hours and you wake up in the morning oh my god i'm leaving my point by half an hour oh wait nevermind i move my clock back two hours like these guys always have emergency parachute after by lightening your first call but will know like fiscal like i don't know where it's daylight savings are going to soon in part anyway lauren all right we have a three zero evidence about our facebook page don't forget the facebook page guys ok why do you like me how do you know i bought it because that is all we h
deadly timothy geithner can say oh you know what don't withhold is much from their paychecks as these tax cuts adjusted expired would have typically do but he doesn't want you know it's you know this is interesting because it's a star and i just have to say though that this is an example given is like a look we're not. totally in trouble if the u.s. goes off the fiscal cliff i think we are in trouble if the treasury secretary is this much authority over what with how problematic a good the...
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tax bill only changed the name of the tax i paid. i got little benefit from the rate ofin my opinion, the expand on tax has nothing to do with the action of indexing. it is the result of the conscious decision to hike the cost of tax reductions. >> the alternative minimum tax is 28%. if your tax rate was lowered to 25%. you still have to pay 28%. >> that is correct. for incomes between to london thousand dollars and $500,000, the effective tax rate is 35%. you hit the 35% rate and incomes fire lower than the income levels at which you would hit the 35% rate and regular tax. >> why do they call it a patch? >> it is a one time year by year patch to stop the broad expansion. you could ask why they call it a cliff. they have discussed this in terms of the patch. it is a year by year increase in the exemptions. the patches nothing but the increase in the a in the exemption to prevent tens of millions of people from being forced to fill up the return you have. the only thing i would add is the package, what makes this so critical in the fi
tax bill only changed the name of the tax i paid. i got little benefit from the rate ofin my opinion, the expand on tax has nothing to do with the action of indexing. it is the result of the conscious decision to hike the cost of tax reductions. >> the alternative minimum tax is 28%. if your tax rate was lowered to 25%. you still have to pay 28%. >> that is correct. for incomes between to london thousand dollars and $500,000, the effective tax rate is 35%. you hit the 35% rate and...
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when it comes to raising taxes on the wealthy or those making more than two the fifty thousand dollars if republicans do not agree to that is the administration prepared to go over the fiscal cliff oh absolutely. absolutely but when it comes to the u.s. is economic problems does this tax debate or even this fiscal cliff debate begin to scratch the surface of the crisis all former republican strategist author and historian kevin phillips is here with lessons we can learn from seventeen seventy five the subject of his latest book that many a politician may benefit from actually reading. from a long time and paul church i don't do it anymore books boys much so you do not read a history book. there you go and the f.c.c. is reportedly investigating deutsche bank providing twelve billion dollars in derivatives trading losses in two thousand and eight yeah yeah how does a list of alleged bad bank behavior how is good capitalism though being driven out by bad capitalism oh we'll break it down and word of the day plus alan greenspan says a painless solution to the u.s. debt is a fantasy finally
when it comes to raising taxes on the wealthy or those making more than two the fifty thousand dollars if republicans do not agree to that is the administration prepared to go over the fiscal cliff oh absolutely. absolutely but when it comes to the u.s. is economic problems does this tax debate or even this fiscal cliff debate begin to scratch the surface of the crisis all former republican strategist author and historian kevin phillips is here with lessons we can learn from seventeen seventy...
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. >> some of it comes from the general fund, there's income taxes and other taxes in the tax code and payroll taxes that create this distinct funding mechanism. >> and some of the money in the general fund comes from the social security trust fund. >> that's right. >> i wanted to get more to the political aspect of it. so maybe popularly people don't want to see 34ed kade -- i'm sorry, medicare touched but the belt way folks, the folks that are going to be voting on this do want to see that. >> yes, would he do. >> what are we going to bring to the table? are we just going to say we're not going to bargain with you? i mean, at what level do we allow for, say, means testing? we may not like it, but that's what it's going to allow. >> means testing, we can do means testing. if you want to do means testing, there's a very efficient way of doing it. we will raise your taxes on -- >> if you have more money. >> the grand bargain. >> the reality is that's not going to happen. >> wait a second. >> that's not going to happen. we can talk about -- look, we can talk about -- >> the reason why th
. >> some of it comes from the general fund, there's income taxes and other taxes in the tax code and payroll taxes that create this distinct funding mechanism. >> and some of the money in the general fund comes from the social security trust fund. >> that's right. >> i wanted to get more to the political aspect of it. so maybe popularly people don't want to see 34ed kade -- i'm sorry, medicare touched but the belt way folks, the folks that are going to be voting on this...
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or draw a bill that could give the government taxes to people that are serious response and privacy concerns with how the secretary labeling everyone opposed to terrorists and paedophiles. under these rope of yours they were brought to you on polls to reveal the truth about its nuclear program worth using top knowledge and other topics weapons on it it does the. international news life or this is all she was me you national politics for joining us opposition groups in egypt how we should a set of demands to the country's president mohamed morsi aimed at scrapping his latest political drives this follows a fierce standoff outside the presidential palace in cairo which reportedly falls they gyptian lead it to flee the building cairo based reporter belcher has more cars. i was that in the march tenth out of tens of thousands of protesters coming from various locations in cairo converging in front of the presidential palace in a suburb of cairo when they got there they were greeted by police behind barbed wire and really i mean speaking of the protesters they felt like they wanted to protest the
or draw a bill that could give the government taxes to people that are serious response and privacy concerns with how the secretary labeling everyone opposed to terrorists and paedophiles. under these rope of yours they were brought to you on polls to reveal the truth about its nuclear program worth using top knowledge and other topics weapons on it it does the. international news life or this is all she was me you national politics for joining us opposition groups in egypt how we should a set...
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trying to build that government to people's taxes he's promised privacy concerns secretary labor and everyone labeling everyone else to terrorists beat up my. feet no one should be proud of heaps of scrap metal littering pristine arctic landscape building stilton over their foundation pipes spewing black smoke over the snow covered peaks the traces of the soviet industrial activity on the spitzbergen archipelago don't make a pretty picture of the guiding principle here is the worst the better that can do nine hundred eighty s. bearings work was a burgeoning mining community. union was determined to maintain at all costs. half way between north america and western europe bergen archipelago is part of norway with a special status that allows other countries to set up industrial bases here in the middle of the cold war it served as the us is ours westernmost outpost now it's one of the last preserved relics. it is essentially a picture of what would have happened to the soviet union if it was cut off from any financial support for two decades it's a curious site for western tourists and
trying to build that government to people's taxes he's promised privacy concerns secretary labor and everyone labeling everyone else to terrorists beat up my. feet no one should be proud of heaps of scrap metal littering pristine arctic landscape building stilton over their foundation pipes spewing black smoke over the snow covered peaks the traces of the soviet industrial activity on the spitzbergen archipelago don't make a pretty picture of the guiding principle here is the worst the better...
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a tax cut can't be touched. if you do that, you are raising taxes. he is known for going around capitol hill threatening anyone that ties to cut these billion dollars in wasteful tax cuts. he is providing an idealogical cover for corporate lobbying. the oil and natural gas industry provides significant funding to his foundation. >> i want to bring in my guest on exactly this question. dan? >> a very important point that i hope the president will get to. a real consolidated energy proposal. it is a direction he has been going, a little bit in the direction of clean coal i think that's the wrong direction to go. on the bigger picture, there has been nothing -- if you have to point to one thing, i'm always talking about this, that talked about the disparity, the wealth disparity we are looking at, just one thing, it has been this down ward slope in the upper bracket, marginal tax rates that have caused that. this president, that's why it is so important for us to hold on this. this president obama is not moving things back to the 50s or the 60s. >> he i
a tax cut can't be touched. if you do that, you are raising taxes. he is known for going around capitol hill threatening anyone that ties to cut these billion dollars in wasteful tax cuts. he is providing an idealogical cover for corporate lobbying. the oil and natural gas industry provides significant funding to his foundation. >> i want to bring in my guest on exactly this question. dan? >> a very important point that i hope the president will get to. a real consolidated energy...
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Dec 4, 2012
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there had to be a continuation of the middle class tax cut, and an end of the tax cut for the very wealthy in -- in 2010 they got over 90%, the upper 1% -- 90% over that of the income growth and the third point, the surveys show after the election all of them -- that if you ask people should there be continuation of the middle class tax cuts? yes. should there be a continuation of the tax cuts for the very wealthy? no. the surveys are very clear. >> stephanie: this basically feigning shock at economic proposals that the president has put forward many times before and the voters just voted for, for mitch mcconnell to say he burst out laughing and john boehner to say he was flabber -- flabbergasted it is incredible. >> essentially they come up with a status quo proposal. >> stephanie: right. and the status quo that just lost. >> yeah, they are status quo, and that -- so that won't work. >> stephanie: representative what -- is nancy pelosi -- are we going -- is she going to put that forward this week in the house? the voting on the middle class tax cuts? >> absolutely. we have a discharge pet
there had to be a continuation of the middle class tax cut, and an end of the tax cut for the very wealthy in -- in 2010 they got over 90%, the upper 1% -- 90% over that of the income growth and the third point, the surveys show after the election all of them -- that if you ask people should there be continuation of the middle class tax cuts? yes. should there be a continuation of the tax cuts for the very wealthy? no. the surveys are very clear. >> stephanie: this basically feigning...
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know the banks when they discharge these that they charge them off their accounts and they take a big tax break which is another kind of bail out and then there are allowed to sell the dots on this very shadowy debt market most debtors are not on aware of that and one of the great successes of the campaign really is that it's a public education campaign more and more people are beginning to realize how the system works in frankly very predatory ways as a result of our campaign so dead in many cases is. upon individuals or mortgage holders or entire countries using very dubious sales tactics or just outright debt cram downs we see this in many countries and then in the cases where debts cannot be paid the collection of those debts is passed off to a debt collection agency as you point out for pennies on the dollar the debt collection agency by used those debts as a counter saying of all in the. i hope that they can get enough people to pay off their debt to legitimize their cost of buying those debts and we have a situation where debt is the currency of financial repression financial zero
know the banks when they discharge these that they charge them off their accounts and they take a big tax break which is another kind of bail out and then there are allowed to sell the dots on this very shadowy debt market most debtors are not on aware of that and one of the great successes of the campaign really is that it's a public education campaign more and more people are beginning to realize how the system works in frankly very predatory ways as a result of our campaign so dead in many...
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let's make the income tax, the corporate tax, the capital gains tax, the gift tax, the estate tax, let's just make them all 15% across the board. i'll never have a problem with estate tax. but it is outrageous to make people sell their family farm or sell a business or get in hoc up to their ears for something their parents have worked a lifetime to build up. and people like warren buffett, the ultrarich, they're not going to have to worry about the estate tax because they're able to pay megabucks for lawyers and brilliant financial analysts to come up with a way, usually involving life insurance and different things, they'll take care of their estate tax. so it's not the megarich. and the same way, when people say, we're going after the rich fat cats, england did that in 2009. an article last week pointed out, 2009, england increased to 50%, in addition to all the other taxes they have, 50% the tax against people making $1 -- a million pounds or more and that next year england went from having 16,000 people who were making a million pounds or more a year to 6,000. they dropped from 16,0
let's make the income tax, the corporate tax, the capital gains tax, the gift tax, the estate tax, let's just make them all 15% across the board. i'll never have a problem with estate tax. but it is outrageous to make people sell their family farm or sell a business or get in hoc up to their ears for something their parents have worked a lifetime to build up. and people like warren buffett, the ultrarich, they're not going to have to worry about the estate tax because they're able to pay...
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s stock sales and mergers as sellers feared taxes on investment gains could go up next year now despite news like this and even if by efforts to promote i.p.o. bubbles the number of companies going public continues to be down significantly from highs in the one nine hundred ninety s. who why would we want this. why would we ever want to bubble party private equity advisor william janeway is here to explain why bubbles are sometimes good plus u.s. corporate profits hit a record high in the third quarter according to the bureau of economic analysis with these profits why are we seeing more business investment to fuel innovation will discuss and we hear about sovereign credit downgrade and warnings of those downgrades all the time in the wake of the debt crisis and austerity in europe but now extravagance and luxury are on the line the ratings agency moody's has reportedly put carmaker aston martin on review for a debt downgrade we'll discuss let's get to today's capital account. bubbles are often thought of as detrimental to an economy and health needless to say but what if in reality of
s stock sales and mergers as sellers feared taxes on investment gains could go up next year now despite news like this and even if by efforts to promote i.p.o. bubbles the number of companies going public continues to be down significantly from highs in the one nine hundred ninety s. who why would we want this. why would we ever want to bubble party private equity advisor william janeway is here to explain why bubbles are sometimes good plus u.s. corporate profits hit a record high in the third...
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we can raise tax revenue by simplifying the tax code, not increasing tax rates. we can address wasteful government spending that jeopardize an hour commitments in the national defense and protecting our most honorable. we can jump-start our economy by assuring americans that congress and the president can work together to get the job done and deal courageously with the pressing problems of today. when it comes to the fiscal cliff, the president and congress will either fail together or we will succeed together. there is nothing in between. i am confident that we can pass the test and do what is good and right for the american people. >> the president has been talking a lot about taxes lately, and as acpa who practiced for years and a member of ways and means committee, there is no one who likes to talk about tax more than i do. but let's be honest -- talking about taxes is not going to solve the problem that america faces. we have to turn to the spending side of the ledger. furthermore, his tax proposal will kill about 700,000 jobs and do harm to the economy, aga
we can raise tax revenue by simplifying the tax code, not increasing tax rates. we can address wasteful government spending that jeopardize an hour commitments in the national defense and protecting our most honorable. we can jump-start our economy by assuring americans that congress and the president can work together to get the job done and deal courageously with the pressing problems of today. when it comes to the fiscal cliff, the president and congress will either fail together or we will...
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there is also other taxes like gasoline tax, phone tax. we pay a lot of money to foreign countries that we do not need to. as i think about taxes. guest: this is kind of one of the ideas that republicans talk about, and democrats talk about when we talk about moving to tax reform. it is getting the individual provisions. right now it is a complicated mess. the kind of start over with a simple system that has a few income brackets. easier said than done. that is one of the goals here. host: jim from twitter says -- guest: absolutely. a lot of these credits and deductions, the standard deduction exceeds what you would get, that you just take that. host: the specific credits we have been talking about prompt a question from cindy. guest: yes. you generally have to be working are working outside the home. host: is there an hour requirements? guest: there are a lot of specific requirements. host: kay from richmond, virginia. caller: if somebody is working as hard as they can and making less than $50,000 a year, they count on this refund every y
there is also other taxes like gasoline tax, phone tax. we pay a lot of money to foreign countries that we do not need to. as i think about taxes. guest: this is kind of one of the ideas that republicans talk about, and democrats talk about when we talk about moving to tax reform. it is getting the individual provisions. right now it is a complicated mess. the kind of start over with a simple system that has a few income brackets. easier said than done. that is one of the goals here. host: jim...
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tax. today this tax -- also known as the estate tax -- is set up at a top rate of 35%, with an exception for the first $5.1 million of the estate's value. well, those are the levels that congress set and the president agreed to in 2010. a republican house of representatives, democrat senate, as well as the president -- democrat in the white house. 2010. those are th levels are now setp dramatically to a top rate of 55% with an compe exemption fort the first $1 million. $1 million as you understands like a lot of money -- $1 million sounds like a lot of money until you start looking at family farms. farmers have a lot of assets such as land, buildings and livestock. those things are worth a lot of money for purposes of calculating the value of someone's estate. but they aren't liquid assets. you can't just spend a tractor. once a mom or dad dies in the farm family, the i.r.s. wants the death tax paid within nine months. the taxes collected -- though it is calculated on the big valuations fo
tax. today this tax -- also known as the estate tax -- is set up at a top rate of 35%, with an exception for the first $5.1 million of the estate's value. well, those are the levels that congress set and the president agreed to in 2010. a republican house of representatives, democrat senate, as well as the president -- democrat in the white house. 2010. those are th levels are now setp dramatically to a top rate of 55% with an compe exemption fort the first $1 million. $1 million as you...
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taxes going up. taxes going up on the affordable care act. billions of dollars of taxes and fees. what's the four-year view look like? what's the plan look like? so let's look at the numbers. how much do we get from deductions? how much do we get from expenditures? how much more do we need? how much does obama care add? what is our growth rate? you know, we don't have a plan. >> yeah. >> and we're throwing these dollar numbers around like if they were nothing. >> i spoke with james clyburn, representative clyburn last hour, about the notion of raising tax rates on the wealthy and not where the president wants them. he said i want it higher. take a listen and then talk about it. >> we know where the president is. and that is 250,000. but there are a lot of democrats who voiced back before the campaign 500,000. some say even a million. all of that's going to be negotiated. the president wants 250. if mr. boehner wants to come and offer something different, i'm sure he'll do that but the president stands at 250. which is below even where i was but he won the election. >> do you think
taxes going up. taxes going up on the affordable care act. billions of dollars of taxes and fees. what's the four-year view look like? what's the plan look like? so let's look at the numbers. how much do we get from deductions? how much do we get from expenditures? how much more do we need? how much does obama care add? what is our growth rate? you know, we don't have a plan. >> yeah. >> and we're throwing these dollar numbers around like if they were nothing. >> i spoke with...
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is a massive burden both in terms of tax amount of money you have to pay to the you each year and of course it regularly treat burden trade with other businesses individuals on the continent will always continue whether we're in the you whether we're out of the you remember of the european economic area britain has global trading links we don't really need to be run by brussels and the institutions of the european union telling this country what to do we're big enough to manage our own affairs the economic evidence is really pointing towards if britain were to leave the european union it would be actually help the british economy it would actually help our economy to grow and it would reduce the burden on the british taxpayer. brief look at other news from around the globe now the death toll from time food which is currently battering the philippines has climbed to over one hundred turns up thousands have have fled their homes as the elements rolled across southern and central areas into entire province as rescue teams are working in areas but it's fears the number of casualties will
is a massive burden both in terms of tax amount of money you have to pay to the you each year and of course it regularly treat burden trade with other businesses individuals on the continent will always continue whether we're in the you whether we're out of the you remember of the european economic area britain has global trading links we don't really need to be run by brussels and the institutions of the european union telling this country what to do we're big enough to manage our own affairs...
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is a massive burden both in terms of tax amount of money you have to pay to be you each year and of course it regularly treat burden trade with other businesses individuals on the continent will always continue whether we're in the you whether we're out of the year you remember the european economic area britain has global trading links we don't really need to be run by brussels and the institutions of u.k. and union telling this country what to do we're big enough to manage our own affairs the economic evidence is really pointing towards if britain were to leave the european union it would be actually help the british economy it would actually help our economy to grow and it would reduce the burden on the british taxpayer. he says make a shift in the geography of the middle east is now on the horizon what they're discussing next on the future of an independent kurdish state. fifty feet it's. easy to. see. wealthy british style scientists are not on the tireless. market why not. find out what's really happening to the global economy with much cause or there are no holds barred look at the
is a massive burden both in terms of tax amount of money you have to pay to be you each year and of course it regularly treat burden trade with other businesses individuals on the continent will always continue whether we're in the you whether we're out of the year you remember the european economic area britain has global trading links we don't really need to be run by brussels and the institutions of u.k. and union telling this country what to do we're big enough to manage our own affairs the...
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is a massive burden both in terms of tax amount of money you have to pay to the you each year and of course it regularly treat burden trade with other businesses individuals on the continent will always continue whether we're in the you whether we're out of the a you remember of the european economic area britain has global trading links we don't really need to be run by brussels and the institutions of the european union telling this country what to do we are big enough to manage our own affairs the economic evidence is really pointing towards if it were to leave the european union it would be actually help the british economy it would actually help our economy to grow and it would reduce the burden on the british taxpayer. the fiscal cliff of american politics and just what it bodes for all of us that's up next well our lester. download the official ati application to cell phone choose your language stream quality and enjoy your favorites from alzheimer's t.v. is not required to watch all its hear all you need is your mobile device to watch ati any time of the. wealthy british styl
is a massive burden both in terms of tax amount of money you have to pay to the you each year and of course it regularly treat burden trade with other businesses individuals on the continent will always continue whether we're in the you whether we're out of the a you remember of the european economic area britain has global trading links we don't really need to be run by brussels and the institutions of the european union telling this country what to do we are big enough to manage our own...
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if they do not find a compromise before the end of the year, taxes will gun for everyone. danielle notingham reports for the white house. >> reporter: house members left the capitol in the middle of the fiscal fight. they're notue due back -- not due back until next week. but house speaker john boehner is staying behind, ready to sit down and negotiate with the president. we can't sit here and negotiate with ourselves. >> reporter: president obama is rejecting the republican proposal because it does not raise taxes on households making $250,000 a year. the gop is offering to close tax loopholes and limit deductions instead. >> the revenues on the table are going to come from guess who? the rich. >> reporter: they say if the bush-era tax cuts aren't extended for everyone, it will hurt everyone. and they invited people here to make their point. >> reporter: max olson opened an insurance company this year and is concerned he won't be able to add employees. >> you add their payrolls, plus an extra tax amount, then i may not be able to hire them because of it. >> reporter: pres
if they do not find a compromise before the end of the year, taxes will gun for everyone. danielle notingham reports for the white house. >> reporter: house members left the capitol in the middle of the fiscal fight. they're notue due back -- not due back until next week. but house speaker john boehner is staying behind, ready to sit down and negotiate with the president. we can't sit here and negotiate with ourselves. >> reporter: president obama is rejecting the republican...
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is a massive burden both in terms of tax amount of money they have to pay to the e.u. each year and of course its regular burden trade links will always continue will always be buying german cars or french wine and french cheese and and will be selling to them financial services and other goods that we make in britain so that won't change course what will change is that the money that britain has to hand over to the european union that will see so we can drastically reduce that we don't really need to be run by brussels and needs to be appeased you need to this country what to do we are big enough to manage our own affairs. israel has dismissed a un resolution calling on it to open up its nuclear facilities for inspection as a meaningless and mechanical vote the general assembly overwhelmingly back to proposal calling on israel to join the nuclear nonproliferation treaty is or was never officially admitted it possesses atomic weapons although few doubt it is fully armed as all reports it's a story that has all the ingredients and intrusion of a hollywood blockbuster nu
is a massive burden both in terms of tax amount of money they have to pay to the e.u. each year and of course its regular burden trade links will always continue will always be buying german cars or french wine and french cheese and and will be selling to them financial services and other goods that we make in britain so that won't change course what will change is that the money that britain has to hand over to the european union that will see so we can drastically reduce that we don't really...
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is a massive burden both in terms of tax amount of money you have to pay to you each year and of course it's regular tree verdant the trade links would always continue will always be buying german cars or french wine and french cheese and and will be selling to them financial services and other goods that we make in britain so that won't change course what will change is that the money that britain has to hand over to the european union will cease or we can drastically reduce that we don't really need to be run by brussels and needs to should have you been you to this country what to do we are big enough to manage our own affairs. some other international news in brief typhoon bopha which is currently battering the philippines has claimed more than two hundred eighty lives tens of thousands fled their homes as a strong role to across southern and central areas cutting off power into entire provinces rescue teams are working in the worst hit areas but it's feared the number of casualties will rise the storm is expected to move into the south china sea on thursday. serbia's embassador jun
is a massive burden both in terms of tax amount of money you have to pay to you each year and of course it's regular tree verdant the trade links would always continue will always be buying german cars or french wine and french cheese and and will be selling to them financial services and other goods that we make in britain so that won't change course what will change is that the money that britain has to hand over to the european union will cease or we can drastically reduce that we don't...
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not your income tax, not your payroll tax, not your capital gains tax. not any of your taxes. the article goes on. this man's firm pledges aren't worth too much, are they? it's worth -- if only to marvel at the sheer hypocrisy. congressional budget office determined that millions of americans will bet socked by the obamacare mandate. 80% of whom are middle income citizens. nearly six million americans, significantly more than first estimated, will face a tax penalty. under president barack obama's health overhaul for not getting insurance. congressional analysts said wednesday. most would be in the middle class. the new estimate amounts to an inconvenient fact for the administration, a reminder of what critics see as broken promises. and the budget office analyst -- analysis found that nearly 80% of those who will face a penalty will be making up to or less than five times the federal prompt level. currently that will work out to $55,50 or less for an -- 55,050 or less for an vidge or average penalty about $1,200 in 2016. and it goes on to point out c.b.o. has also said there
not your income tax, not your payroll tax, not your capital gains tax. not any of your taxes. the article goes on. this man's firm pledges aren't worth too much, are they? it's worth -- if only to marvel at the sheer hypocrisy. congressional budget office determined that millions of americans will bet socked by the obamacare mandate. 80% of whom are middle income citizens. nearly six million americans, significantly more than first estimated, will face a tax penalty. under president barack...
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Dec 7, 2012
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we need tax reform and higher tax rates on upper income households. >> it seems you could do the tax rates at the end of this year because you could make the kind of deal that you want and then do some of the closing of the loopholes on subsidies. i would hope as a state that have strong businesses that support doing this, you could bring the corporate tax rate down and work on the debt by closing the loopholes in subsidies. >> the tax reform is complicated. i am saying nail down the framework and then go to work and try to figure this out precisely. in terms of corporate tax reform, i think that is absolutely necessary, but i would think the goal there would be to make that revenue neutral if you can. you want to bring down the corporate rates so we can be more competitive. >> what about senator coburn's assessment, in wanting to reduce the debt? >> i disagree. i have a great deal of respect for the senator, but i disagree. the fact that we have so many tax expenditures both on the corporate and income tax side that operates with inefficiency, with jobs going overseas, we need to se
we need tax reform and higher tax rates on upper income households. >> it seems you could do the tax rates at the end of this year because you could make the kind of deal that you want and then do some of the closing of the loopholes on subsidies. i would hope as a state that have strong businesses that support doing this, you could bring the corporate tax rate down and work on the debt by closing the loopholes in subsidies. >> the tax reform is complicated. i am saying nail down...
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12/12
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$2,000 more in taxes. we will give a tax increase. we will raise taxes on 98% of americans unless you give us another tax break for our buddies and millionaires and billionaires, the top 2% in the country. you can't blame even mitch mcconnell any more. it's john boehner who is standing in the way. he did so again the republicans give this babble. the president says what's your plan? what do you want to cut? close loopholes. what loopholes? they won't say. to them, nothing. a detailed plan versus nothing. you've got a existed in in president obama versus a lose her in john boehner. and here is boehner again yesterday, on fox news sunday saying, when he looked at the president's proposal, oh my god. >> i was flabbergasted. >> flabbergasted. >> he can't be serious. i just have never seen anything like it. we've got seven weeks between election day and the end of the year three weeks have been wasted with the nonsense. who is flabbergasted anymore? have you ever heard that word? >> peter: an old word. >> 1920s
$2,000 more in taxes. we will give a tax increase. we will raise taxes on 98% of americans unless you give us another tax break for our buddies and millionaires and billionaires, the top 2% in the country. you can't blame even mitch mcconnell any more. it's john boehner who is standing in the way. he did so again the republicans give this babble. the president says what's your plan? what do you want to cut? close loopholes. what loopholes? they won't say. to them, nothing. a detailed plan...
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we don't tax wealth. i think the suggestion is a principle that i will take into into the comprehensive tax reforms because i believe that wealth should be taxed. you cannot hide it in the cayman island. you can't hide it in capital gains. why should that be taxed at a different rate? because you're going to reinvest that money? that didn't happen in 2001 or 2003. the unemployment rate there is horrible. president bush had a terrible second term, lost hundreds of thousands of jobs. what the heck are we talking about here? where is the proof? where is the data. >> stephanie: representative john boehner said this yesterday. >> sound byte: the country doesn't need a victory lap. it needs leadership. >> oh, shut up. >> caller: that's a great line. >> stephanie: this is what the president ran on. this was not a victory lap. this was the defining argument of the election that he just won. the american people voted for this. this is what we should be doing. >> caller: stephanie, i only hope, i would not say this
we don't tax wealth. i think the suggestion is a principle that i will take into into the comprehensive tax reforms because i believe that wealth should be taxed. you cannot hide it in the cayman island. you can't hide it in capital gains. why should that be taxed at a different rate? because you're going to reinvest that money? that didn't happen in 2001 or 2003. the unemployment rate there is horrible. president bush had a terrible second term, lost hundreds of thousands of jobs. what the...
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organizations even grover norquist whose name we've been hearing quite a lot the president of americans for tax reform all of these sort of different fashions of come together and they've said you know what this is a good thing that the government should not be able to do this without giving permission just one other aspect of the bill i want to mention is that if they do obtain a warrant language in the bills that unless there's a threat to homeland security that they have to let the person know they have to let you know if they in fact get a warrant to get your electronic communication so really a victory in the eyes of quite a few privacy rights advocates now the president on the senate judiciary committee patrick leahy democrat from vermont he's been around for. quite a long time now when you when the when this first bill was passed i spoke to his office a little while ago he says this is a huge victory this is a much needed progress he spoke on camera just a little while ago. three decades out in fact what effect problem americans face even greater threats the digital privacy we witness ex
organizations even grover norquist whose name we've been hearing quite a lot the president of americans for tax reform all of these sort of different fashions of come together and they've said you know what this is a good thing that the government should not be able to do this without giving permission just one other aspect of the bill i want to mention is that if they do obtain a warrant language in the bills that unless there's a threat to homeland security that they have to let the person...